West Fraser Timber Co. Ltd. (WFT) to Issue Quarterly Dividend of $0.15 on July 18th

West Fraser Timber Co. Ltd. (TSE:WFT) declared a quarterly dividend on Tuesday, June 26th, TickerTech reports. Stockholders of record on Wednesday, July 18th will be paid a dividend of 0.15 per share on Wednesday, July 18th. This represents a $0.60 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Tuesday, June 26th.

Shares of West Fraser Timber opened at C$85.69 on Monday, MarketBeat reports. West Fraser Timber has a 1-year low of C$58.40 and a 1-year high of C$97.99.

West Fraser Timber (TSE:WFT) last announced its quarterly earnings data on Wednesday, April 25th. The company reported C$2.98 earnings per share for the quarter. West Fraser Timber had a return on equity of 31.45% and a net margin of 15.04%. The business had revenue of C$1.36 billion during the quarter.

Several equities analysts have weighed in on the company. CIBC reduced their price objective on West Fraser Timber from C$115.00 to C$110.00 in a report on Monday, April 30th. Scotiabank increased their price objective on West Fraser Timber from C$99.00 to C$100.00 and gave the company a “sector perform” rating in a report on Thursday, April 26th. Finally, Raymond James increased their price objective on West Fraser Timber from C$97.00 to C$120.00 in a report on Tuesday, April 10th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$97.83.

In related news, Director Gillian Winckler bought 750 shares of the company’s stock in a transaction on Tuesday, March 27th. The shares were purchased at an average price of C$83.34 per share, for a total transaction of C$62,505.00. Also, insider Ketcham Investments sold 200,000 shares of the stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of C$94.10, for a total value of C$18,820,000.00.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd. produces and sells lumber, panels, and pulp and paper in western Canada and the southern United States. The company offers spruce/pine/fir and southern yellow pine lumber, as well as newsprint, wood chips, and lignin. It also provides treated wood, medium density fiberboard panels, laminated veneer lumber panels, and plywood; northern bleached softwood Kraft pulp used to produce various paper products, including printing and writing papers, specialty grades, and various tissue products; and bleached chemical thermo-mechanical pulp that is used to produce coated board grades, printing and writing paper, and paper towel/napkin grades, as well as specialty papers and tissue grades.

Dividend History for West Fraser Timber (TSE:WFT)

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